Though she didn't specify her role, Frankel will likely be guest-starring on the panel of investors that can either choose to invest in or pass on the innovative business concepts presented by contestants. Shark Tank"s current panel includes FUBU CEO Daymond John, Dallas Mavericks owner Mark Cuban, businessman Kevin O'Leary, inventor Lori Greiner, businessman Robert Herjavec and businesswoman Barbara Corcoran.

Advertisement

The reality series features entrepreneurs pitching their ideas to a panel of investors. (Michael Desmond/ABC)

Frankel, 46, is no stranger to the business world. Amid a string of reality TV stints including "The Real Housewives of New York" and "The Apprentice: Martha Stewart," the New York native published several books and launched the Skinnygirl cocktail company in 2011, which she later sold for a reported $64 million.